Cyber Insurance Could Greatly Reduce Losses From Diversification, Mitigation Measures

Cyber insurance could greatly reduce losses from diversification, mitigation measures

A report by CyberCube shows the global market is heavily concentrated in the U.S. and would benefit from expanding into new segments and improving cyber hygiene.

CyberCube report shows diversification and mitigation can reduce cyber losses by over 50%

CyberCube, a provider of cyber risk analytics for the insurance industry, has released new research showing how diversification and mitigation strategies can materially reduce exposure to catastrophic cyber events. Based on analysis using CyberCube’s Portfolio Manager v6 (PM v6) catastrophe model, the report demonstrates that diversification across geography, industry sector, company size, and technology can reduce modelled losses by up to 42%. …

New CyberCube Report Underscores the Value of Diversification and Mitigation Across Cyber Portfolios

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